My husband and I are buying a maisonette in Goddington. My property lawyer has never been on on the lender solicitor list. Am I still permitted to retain my Goddington conveyancing solicitor even though they are excluded from the lender panel?
Various options include
- Carry on with your preferred Goddington lawyer but your bank will no doubt appoint a solicitor on their approved list. This will result in additional cost together with probable delay.
- Appoint a fresh conveyancer to conduct the conveyancing, ensuring that they are on the bank conveyancing panel.
- Convince your conveyancing practitioner to pull out all the stops to get listed on the bank’s panel of solicitors
In what way does my ID and proof of funds have anything to do with my conveyancing in Goddington? What am I being asked for?
You are right in these requests have nothing to do with conveyancing in Goddington. However these days you will not be able to complete any conveyancing transaction in the absence submitting proof of your identity. This usually takes the form of a either your passport or driving licence and a bank statement. Remember if you are supplying your driving licence as proof of identification it needs to be both the paper section and photo card part, one is not acceptable without the other.
Proof of the source of monies is required under Money Laundering Regulations. You should not be offended when when this is requested of you as your lawyer must have this information on file. Your Goddington conveyancing practitioner will need to see evidence of proof of funds prior to accepting any monies from you into their client account and they should also ask additional queries concerning the source of monies.
About to purchase a new build apartment in Goddington. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Goddington
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Due to the advice of my in-laws I had a survey completed on a property in Goddington prior to retaining lawyers. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies tend not grant a loan on such a premises.
It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. If you contact us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Goddington. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Goddington to see if the conveyancing will be more expensive.
My father has recommend that I appoint his conveyancers in Goddington. Should I choose my own property lawyer?
There are no two ways about it it’s preferable to choose a conveyancing practitioner is to have feedback from friends or relatives who have actually used the firm you're contemplating using.
At what stage do I incur the Stamp Duty Land Tax payable for my purchase in Goddington?
The conveyancer will complete a stamp duty return on your behalf during your Goddington purchase transaction for signature. After completion your conveyancing practitioner will submit your STL Return Form to the Tax Authorities and - assuming they have the money - discharge any Stamp Duty liability for you.